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Stock Market & Financial Investment News

News Breaks
January 9, 2013
12:47 EDTVLKAYVolkswagen to seek to take full control of majority-owned MAN SE
Volkswagen announced it is seeking to conclude a domination and profit and loss transfer agreement with MAN SE and will start talks on this subject with MAN SEs Executive Board. Entering into a domination and profit and loss transfer agreement is designed to enable Volkswagen and MAN to strengthen and simplify their cooperation, thereby increasing the competitiveness of both companies and is a further milestone on the road to creating an integrated commercial vehicles group, Volkswagen said. Volkswagen currently holds 75.03% of the voting rights in MAN SE. The Volkswagen Group said its goal is to quickly initiate the steps necessary for concluding the domination and profit and loss transfer agreement and that further details will be provided by the companies.
News For VLKAY From The Last 14 Days
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August 21, 2014
07:18 EDTVLKAYChina considering new anti-trust rules for auto sector, China Daily says
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August 18, 2014
07:37 EDTVLKAYReport says Russia may bar car imports if new sanctions enacted, Reuters says
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August 15, 2014
13:25 EDTVLKAYU.S. appeals court upholds dismissal of Porsche short squeeze suit, Reuters says
Porsche (POAHY) has convinced a U.S. federal appeals court to uphold the dismissal of a lawsuit that alleged the luxury car manufacturer of fraudulently controlling the market in Volkswagen (VLKAY) shares after they quietly amassed a large position in Volkswagen and created a "massive short squeeze" in October 2008, Reuters reported. The U.S. appeals court said Porsche could not be held responsible under U.S. securities fraud laws because the alleged wrongful conduct, which was brought on by more than 30 hedge funds who held short positions in shares of Volkswagen at the time, took place outside of the U.S., Reuters added. Reference Link
August 13, 2014
13:31 EDTVLKAYAudi up against penalty for monopolistic demeanor in China, Reuters says
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August 9, 2014
15:53 EDTVLKAYVW recalls 151k Tiguans on stalling possibility, WSJ says
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